The median selling price for single-family homes in Cuyahoga County, Ohio, fell in August for the first time since February, but still remained above 2018 levels.
On more than 2,000 sales, the median last month was $132,000, down from $140,000 in July, cleveland.com tracking of property sales data from the county found. The median price had gone up each month since dropping to $90,000 in February.
Yet, despite the drop to $132,000 in August, the median countywide was still 6.5% above the August 2018 median of $124,000, and higher than every other month last year.
In the city of Cleveland, the median last month was $51,700, nearly unchanged from $51,967 in July, but 15.1% above the August 2018 median of $44,900.
In the suburbs, the July median was $155,000. This was down from $166,000 in July and the monthly high for the year of $172,137 in June. Yet the selling price in the latest month was 6.9% above the $145,000 median in August 2018.
The analysis of county property transfer records includes single-family homes only, excluding both condos and duplexes, as well as sheriff's deed transactions.
